Staffing agency service increases may signal rise in permanent worker compensation

Although the government recently reported that the unemployment rate rose in May, a new report may give some consumers reason to feel optimistic about their employment prospects.

Organizations that help match workers with companies are now charging businesses more money for their services, according to Bloomberg. The rise in costs may indicate that permanent employees could see a larger rise in their salaries at some point this year.

The news source says that staffing agencies may be a better indicator for changing wage levels because employers tend to take a longer time deciding compensation for permanent workers.

"Bill-rate increases are starting in areas where demand is the strongest, like the IT sector," Tobey Sommer, a staffing analyst at SunTrust Robinson Humphrey, told the news source. "The logical next step is for bill rates to improve more broadly and ultimately be reflected in the wage gains of permanent employees."

Individuals who are fortunate to have a job may use this news as motivation to get a better hold of their finances. Some consumers may find that while they've been able to save money effectively they haven't been as successful in fixing their credit.

Americans may be able to obtain a quick credit fix by reviewing their credit reports for any questionable or problematic items that are unfairly hurting their scores. Because credit companies must report items accurately and fairly to the credit reporting agencies, any mark that doesn't meet both of these stipulations may be eligible for removal.